Subsequent Events	9 Months Ended
Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 14—Subsequent Events On October 31, 2022, the Company completed its previously announced take-private transaction. The merger between Pzena Investment Management, Inc. and Panda Merger Sub, LLC, a wholly owned subsidiary of Pzena Investment Management, LLC became effective on October 31, 2022. As a result of the completed transaction, each share of the Company's Class A Common Stock was exchanged for $9.60 in cash, without interest and less any applicable withholding taxes. Effective October 31, 2022, the operating company will operate as a privately-held company owned by the existing partners of Pzena Investment Management, LLC. The Company's Class A Common Stock was suspended from trading prior to market open on October 31, 2022. The Company's Class A Common Stock will be removed from listing and registration on the New York Stock Exchange at the opening of business on November 14, 2022, pursuant to the provisions of Rule 12d2-2 (a). On October 31, 2022, as part of the take-private transaction the Company’s revolving line of credit agreement with the operating company was retired. As of October 31, 2022, there were total borrowings of $10.0 million under the credit facility. No other subsequent events necessitated disclosures and/or adjustments.

Subsequent Events

9 Months Ended

Sep. 30, 2022

Note 14—Subsequent Events

On October 31, 2022, the Company completed its previously announced take-private transaction. The merger between Pzena Investment Management, Inc. and Panda Merger Sub, LLC, a wholly owned subsidiary of Pzena Investment Management, LLC became effective on October 31, 2022. As a result of the completed transaction, each share of the Company's Class A Common Stock was exchanged for $9.60 in cash, without interest and less any applicable withholding taxes. Effective October 31, 2022, the operating company will operate as a privately-held company owned by the existing partners of Pzena Investment Management, LLC. The Company's Class A Common Stock was suspended from trading prior to market open on October 31, 2022. The Company's Class A Common Stock will be removed from listing and registration on the New York Stock Exchange at the opening of business on November 14, 2022, pursuant to the provisions of Rule 12d2-2 (a).

On October 31, 2022, as part of the take-private transaction the Company’s revolving line of credit agreement with the operating company was retired. As of October 31, 2022, there were total borrowings of $10.0 million under the credit facility.

No other subsequent events necessitated disclosures and/or adjustments.